Question

Go to any financial institution website (EXCEPT JP MORGAN CHASE) and find its latest Sources and Uses of Funds Statement. How to have the sources and uses changed since March 2015.

Answer 1

Answer- I will be explaining you about the changes in one of the leading and known financial institution that is Bank of America.

Changes took place in different components of the statement and the most important changes are mentioned below-

1. Cash

The amount of cash with the financial institutions have decreased due to increase in the demand of loans by the commercial clients of the country.

2. Federal funds sold and securities borrowed

Federal funds sold and securities borrowed or purchased under special Annexure to resell increased $5.7 billion in 2017 because of a higher level of customer financing activities in the country.

3. Deposits

deposits with the institutions have increased mainly  because of increase in retail deposits.

4. Shareholders equity

shareholders equity have increased every year because of issuance of new preffered stocks by the institutions.

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